Tabuk Agricultural Improvement Firm brand
Choose an organization Tabuk Agricultural Improvement December 10, 2025 is the date for the extraordinary common meeting assembly, to vote on lowering the corporate’s capital by 52.94% from 391.77 million riyals to 184.36 million riyals with the intention to extinguish the accrued losses. As the next desk exhibits:
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Particulars of capital discount
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Present capital
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391.77 million riyals
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Variety of shares
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39.18 million shares
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Capital after discount
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184.36 million riyals
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Variety of shares after dilution
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18.44 million shares
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Discount share
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52.94 %
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Capital discount technique
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Cancellation of 20.74 million shares of the corporate’s shares, (1) share shall be diminished for each (1.89) share owned.
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Purpose for discount
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Restructuring the corporate’s capital to extinguish accrued losses
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Low cost date
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December 10, 2025 for these registered within the firm’s shareholder register with the Securities Depository Heart Firm (Depository Heart) on the finish of the second buying and selling day following the date of the extraordinary common meeting through which the capital discount was determined.
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The corporate stated in an announcement on Tadawul that there is no such thing as a impression from lowering the corporate’s capital on its monetary obligations, operations, or the corporate’s monetary, operational, or organizational efficiency.
She added that the Normal Meeting will vote to cancel the choice of the Odd Normal Meeting held on September 25, 2024 relating to approving the Board of Administrators’ suggestion to exit from the funding within the Agricultural Feed Sources Firm, by promoting your entire shares owned by the Tabuk Agricultural Improvement Firm within the Agricultural Feed Sources Firm Restricted, which is estimated at 60% of the corporate’s complete shares, to the associate Ahmed Hussein Al-Omari for an quantity of seven million riyals, together with the manufacturing unit affiliated with the Ahmed Hussein Al-Omari Basis, through which the corporate additionally owns 60%, for what the exit will obtain. Tabuk Firm was capable of cease steady losses, which averaged 4 million riyals yearly.
The corporate achieved money movement of seven million riyals from the exit course of, in addition to reaching internet earnings from the exit amounting to 9.6 million riyals, which shall be recorded instantly within the revenue or loss assertion. Authorizing the present Board of Administrators to take what it deems acceptable within the curiosity of the corporate.
